Artificial Intelligence, Blog
Artificial Intelligence – What is it and Why it Matters
Artificial intelligence (AI) emphasizes the creation of intelligent machines that work and react ...
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Money Laundering Through Cryptocurrency: Red Flags and AML Risks
As the use of virtual assets becomes widespread, crypto firms have a major dilemma to deal with &...
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Know Your Donor – Securing NPOs and Charities Through KYD/AML Solution
Emerging technologies and growing digitization have increased financial crime risks in Non-Profit...
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The Crucial Role of Face Liveness Check in Fintech
Fintech firms lose approximately $51 million to scams annually. However, the cost of fintech frau...
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7 Trends in Identity Verification Solutions to look for in 2020
Internet is an anonymous space where people can hide their identities and come up with bizarre ps...
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The Evolution of AML Compliance from Checkbox to Risk-based Approach
Financial institutions are exposed to several money laundering threats, as criminals today are we...
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Deutsche Bank’s Epstein Fine – Lesson for Financial Institution
High-risk clients pose a serious threat to banks. Over the past few years, a significant number o...
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Know Your Investor (KYI) – Identifying and Eliminating Russian Sanctions Evaders
For quite some time, wealthy Russian businessmen and oligarchs have been investing their money in...
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New Regulatory Initiatives to Revamp the US Crypto Landscape
With digital currencies gaining prominence, the US financial landscape has seen major transformat...
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Know Your Driver – Urgency of Identity Verification for Mobility service Providers
Scams have been at the forefront whenever a new tool is made available. The same goes for ride-sh...
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Effectiveness of the UK’s Economic Crime Bill in Combating Financial Crime
The Russian invasion of Ukraine has resulted in a surge in financial crimes in the UK as Russian ...
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What 5 Businesses Have to Say About Shufti’s Digital AML/KYC Services
Various industries throughout the world are being transformed through automation thanks to the on...
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Adverse Media Screening Requirements and Why Do FIs Need It?
The financial services industry is under a lot of regulatory requirements recently, and for all t...
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Blog
10 Frequently Asked Questions about Real-time Document Verification
As we’re propelled deeper into digital transformation, techniques employed by scammers are ...
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Biometric Technology, Blog
4 Reasons why Facial Recognition is Better at Biometric Verification than Fingerprint Scans
Biometric verification is smartphones was introduced nearly five years ago when iPhone launched i...
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Anti-Money Laundering Compliance for Crypto Exchanges [2021 Update]
Anti-Money Laundering compliance solutions are gaining popularity in all corners of the world. Un...
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Blog, Business Technology
4 Fintech trends to look forward in 2019
FInTech has come a long way from being a mere futuristic technology and has achieved scalability ...
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Blog, Online Marketplace
Demand for KYC & ID Verification in Higher Education
I remember a friend of mine, Jack, from high school he was one of the most non-serious people I k...
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Blog, Online Marketplace
ID Verification Ensuring Safety Deals in Real Estate Sector
Buying and selling properties for people are major, thought-provoking decisions. It requires week...
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6 Industry Experts Share Their Thoughts on NFC ID Verification
Thanks to the growth of contactless transaction systems like Apple Pay, NFC is now a mainstream t...
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Blog, Identity & KYC, Online Marketplace
Importance of Identity Proofing for Facebook & Social Media
For years, social media has been used as a tool for increased connectivity. Both businesses, as w...
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Protecting Crypto Ecosystem with Effective Compliance Measures and Robust AML Screening
In November 2021, the market capacity of the cryptocurrency went over $3 trillion. With the incre...
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The Top 10 Benefits of the Know Your Customer Lifecycle
In this digital age, where transactions occur remotely and identity theft is rising, establishing...
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E-KYC – The Next Step in the Evolution of KYC Verification
As the world shifts to digital applications, financial operations are being automated for added c...
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Top 10 Biometric Technology Trends to Watch For in 2022
Biometric innovations in present times have manifested various technological advancements and the...
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Know Your Investor | Understanding Which Investors to Onboard
Investor onboarding is regarded as one of the most critical stages of the business’s lifecy...
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Blog, Identity & KYC
Geolocation Technology and its benefits for KYC Verification
KYC verification has come a long way from simply authenticating the official identity documents o...
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5 Industry Leaders Shared Their Insights on the Future of Biometrics
Modern technology has brought several conveniences to life. From the ease of working at home to s...
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Digital Identity checks for secure and swift customer onboarding
The digital transformation of businesses continues apace, driven in part by regulations that mand...
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Blog
Shufti Marks 4 Years of Streamlining KYC and AML for Global Businesses
October 2021 marks four complete years since the launch of Shufti. As years begin to stack, t...
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Blog, Fraud Prevention, Identity & KYC, Reg Tech
Facial Recognition: Burgeoning Threat to Privacy
The expanding use of facial recognition technology for ID verification, user authentication, and ...
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Identity Verification Isn’t Just for Compliance Anymore
Identity verification solutions are well-known in regulatory compliance environments, particularl...
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Brazil to Launch CBDC: Its Impact on Financial Firms and How KYC/AML Can Help
Where does the cash come from? The country’s central bank authorises the printing of paper ...
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How can you prepare for AML Compliance – Ultimate AML Guidelines For Starters
Anti Money Laundering Compliance, commonly known as AML Compliance, is something that banks and f...
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E-Signature | Digitise and Verify Agreements in Compliance
The use of electronic signature, or e-signature, has transformed business dealings. The days of s...
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Employee Verification – First Line of Defence Against Corporate Fraud
One day you wake up to the fact that the employee you’ve been trusting for years has been embezzl...
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Age Verification – Ensuring the Protection of Minors on Digital Platforms
In today’s technologically advanced era, digital products and services have transformed the way s...
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Which KYC Solution is Right for Your Business?
KYC solutions are vital for assessing consumer risk and a legal necessity for complying with Anti...
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Establishing trust in Open Banking through Identity Verification
Over the last few years, open banking is becoming an emanated global trend. This rising trend is ...
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KYC Verification – The Need for Customer Due Diligence in Co-Working Spaces
The development of coworking platforms has led to a business transformation that brings security ...
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Strengthening E-commerce Security with KYC Regulations
Facilitating customers to shop online, anytime and anywhere, eCommerce has revolutionised digital...
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7 Things Businesses Should Know About Online Face Recognition Solutions
One might be good at identifying faces. People find it a cinch to recognise a friend’s or f...
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Modern Financial Management: The Role of KYI in Safeguarding Businesses
With our digital ecosystem being full of threats, there is a significant possibility that the qua...
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ID Document Fraud | Is Your Business Prepared to Fight the War Against Fraud in 2024?
In today’s data-driven, digitized world, various business processes have been automated...
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Know Your Investor | Sophisticated Investor Verification in Real-Time
In today’s data-driven digital world, organized crime groups and fraudsters have developed more s...
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Enhanced Due Diligence Checks | The Art of Mitigating Risks Associated with Third-Parties
For multinational businesses, reliance on external third-party vendors is crucial. However, failu...
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Implementing Robust Anti-Money Laundering Checks for the Insurance Sector
Insurance companies play a decisive role in the considerable growth of an economy. It turns accum...
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Phishing Attacks and the Role of Two-Factor Authentication
In today’s digital world, almost everything we do is on the internet, be it for official purposes...
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Securing Mobility as a Service (MaaS) with Shufti’s Digital Identity Verification Solution
The transport industry is on the verge of significant disruption, with new emerging technologies,...
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Anti Money Laundering, Blog
How is Libra’s Launch Changing the Cryptocurrency Landscape?
Libra will have to go the extra mile to prove itself worthy of global acclaim that it aims to ach...
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Prevailing Crimes in Ride-Hailing Services – How Shufti can Make the Change
In the ride-hailing arrangements, passengers connect with drivers through cell phones or websites...
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KYC | Complete Guide to KYC Compliance & KYC Regulations 2021
Introduction to KYC or Know your customer
Know your customer or KYC history dates back to 2001 in...
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Intelligent Character Recognition (ICR) Software – One step ahead of OCR
What is ICR?
Intelligent Character Recognition (ICR) is an extended technology of Optical...
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Biometric Authentication: Use Cases and Advantages
What is Biometric Authentication?
Biometric authentication refers to the process of using unique ...
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Safeguarding Telecommunication Industry with Robust ID Verification Solutions – What Shufti Offers
Technology transformation, growing transactions and global digitisation are increasing the potent...
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Video-KYC – The ‘New Normal’ for Digital Customer Verification
The KYC requirements all over the world are getting stringent. ID document verification is a norm...
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KYC and AML For Fintech | A Comprehensive Guide to Fraud Prevention
Since governments worldwide are increasing the pressure to regulate, compliance has become a key ...
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Business transformations for operational resilience amid COVID-19 crisis
The pandemic continues affecting businesses and consumer operations along with having economical ...
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Securing Identities with Photo ID Verification
ID verification has seen unprecedented growth not only in the processes but also in the crime com...
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Anti-Money Laundering Solutions | Helping Businesses Fight Against Financial Crimes
In today’s digital world, increased financial crimes adversely impact global industries, mainly t...
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Blog, Online Marketplace
How API-based Technologies Can Transform the Future of Online Marketplace
API Based Technologies: Application Programming Interfaces (APIs) are giving advanced ways of dig...
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Blog
Transforming the KYC Experience Using Automated Document Verification Checks
In 2021, reported fraud losses were $5.8 billion, a more than 70% rise in a single year. As ident...
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FINMA Report Indicates Unchanged Cybercrime and Money Laundering Risks
Money laundering, identity theft, and various other cyberattacks risk have been elevated over the...
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Real Estate Crimes – What Meets the Eye is not only AML Compliance
Cleaning black money has always been the incentive behind every financial crime. Owing to this fa...
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Blog
The Most Common Bank Scams and How e-IDV Can Help
Protecting customers against diverse types of fraud is a continual practice for banks and credit ...
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Blog, Fraud Prevention, Online Marketplace
Why Digital KYC is Important for Insurance Fraud Prevention
KYC For Insurance Companies : Basically, a system that can carry out real-time identity verificat...
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Blog, Identity & KYC
Identity Verification Market ‘Hitting High Record’
The advent of technology has pushed businesses to digitize their operations for better customer e...
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Secure Your Digital Presence | Combat Transaction Fraud and Cyberthreats with IDV
Financial crimes, especially payment and transaction fraud, have seen a massive surge in recent y...
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Identity Verification – Addressing the Challenge of Fraud in the Telecommunications Sector
Transforming technology, growing digitization, and increased use of online transactions have acco...
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A Brief Overview of 2021 AML Trends
Over the last decade, regulatory scrutiny on Anti-Money Laundering (AML) compliance has remained ...
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KYC Verification: Eliminating Fraud from Crypto Exchanges
Despite persistent volatility, the crypto market continues to yield profits. Whilst the market wi...
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Unfolding Telecom Frauds through Effective KYC Compliance
The growing adoption of smartphones has naturally spurred sharing of personal data. From providin...
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